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. faa furloughs, they just kicked in. some delays now appearing late yesterday in and is around new york. this st for the first time with travelers waiting more than an hour. delays were seen at other airports in the u.s. the faa furloughs affect 47,000 employees, including nearly 13,000 air traffic controllers. experts say the first real test is today when traffic increases and you remember, you saw all these stories, even last week saying the sequester doesn't matter. >> because a lot of the stuff hasn't kicked in. now, if things don't matter this week, then you can say they really don't matter. >> so this is the test one way or the other. we're going to talk to mike boyd about all this and more. >> in economic news, a business economist says washington's budget tightening is having a minimal effect on business. 93% of those surveyed say political developments had no effect if the first quarter and 95% say they had no impact on capital spending plans. among the biggest concerns, global economic conditions and the potential for further government spending cuts and the regulatory environ
already seeing big delays as the first air traffic furloughs kick in today. a closer look at what the faa cuts could mean for you and your plans. >>> plus, the midwest getting hit with yet another spring snowstorm. major flooding and up to 6:00 inches of snow in some places. we'll show you where it is now and where it is headed. jenna: what drove the suspected bombers remains unclear in the boston terror attacks. investigators are reportedly already trying to question the surviving suspect although there seems to be some varying reports on that. some experts are now turning to their past for clues. their family traces their origins to a small area in southern russia known as chechnya. it is predominantly muslim country, or area. it has been in turmoil for years. with islamist terror groups launching a series of attacks against russian targets in a fight for independence in muslim states. 2002, a chechen group stormed a theater in moscow. there were 700 people in the side at the time. more than 100 people died during a rescue attempt by russian security forces. 2004, in the largest hostage
'll get the analyst behind that call ahead. >> also the sequester effect on travel. >> faa employee furloughs and our major airport delays and all in the future and former department of transportation inspector mary shafo live. another monday morning, david, in which you've propelled a major dow component, microsoft up over 4% on the news that an activist shareholder is buying a $2 billion stake. so i think by my calculations you've created on that report about $2.5 billion of value so far this monday morning. >> simon, it's the value being created by the news itself, not the fact that i've reported it and we've been able to tell people that value act, large activist fund that often does take large positions in companies and actually doesn't get active if things go their way have taken a $2 billion position. on a relative bases it's 1% or less than 1% overall is what it would amount to of the outstanding shares of microsoft. that being said, valueact does have a history of holding stakes for quite some period of time, monitoring those companies and their managements and then getting
air traffic controllers must take one day off a week. the faa said planes will have to take off and land more frequently. that would translate to potential longer lines at the airport. joining me is the spokesperson for sfo. can you give me an idea of how many travelers will be out on every given day or? >> what i can tell you, it's about a 10% of reduction. if i'm an air traffic controller, one of my days out of ten is reduced as the furlough. >> reporter: do you have any idea if this will impact the lines? >> i think where we might see some effect is more from the faa perspective. i don't know if it will affect the lines at the airport. but in terms of flight delays, if there's another airport that has congestion issues or staffing issues, even if we're fined locally, we may experience delays to and from the location. it's very much a nationwide issue. >> reporter: it's a juggling act for you. i think one of the things we can expect, there is a procedure we use and that requires an extra controller. not an issue today but if we have bad weather conditions, we might not be able
and all faa workers are losing one workday every other week. >>> all right, spring flooding turned much of the midwest into a muddy mess. record rainfall to blame for high water. for example, nearly 10 inches has fall in this month in grand rapids, michigan. swollen rivers can't take much more. forecasters say more rain is expected tomorrow. >> here's a look at your weather -- expect thunderstorms around southern kansas, oklahoma. by the evening commute, you could see snow around minneapolis and parts of the upper midwest. >> unseasonably cool along the east coast, new england to georgia with temperatures staying in the 50s. but check out the west. dry and warm. hitting the 90s in some spots. >>> to a shining example of someone who really l job. >> a powerful earthquake rocked china over the weekend brought everything to a stand still including a wedding in progress. the bride you just saw there happens to be an anchorwoman. she got right to work. still wearing her wedding gown and her veil. check her out. >> that is hilarious. she abandoned her big day and started reporting on the quak
travel day it's monday. 47,000 faa employees will get furloughed as a result of budget cuts. they will lose one day of work every other week. the pilot's union due to the faa will staffect so many people. >> out of those 15,000 were air traffic controllers. perhaps it's a better idea to perhaps maybe drive somewhere because gas prices are going down. >> this is the time of year when they are supposed to go up. let's enjoy it while it lasts. gas prices could fall almost $0.20 by memorial day. it would go down to $3.30 a gallon. inventories are high we have a lot of supply. and the economy is slowing down. consumption is the lowest since 1997. this morning gas prices averaging 3.52 a gallon. last year at this time 3.86. that's a nice little savings. >> some say could go below $3 a gallon? >> rocky mountain region could see 32 -- $2.98. >> road trip. >> finally. it is 11 minutes after the top of the hour. a runner survives the marathon bombing only to return home to texas to witness the fertilizer plant explosion and he's sharing his story. we will have that coming up. >>> they
that could be starting today, folks. the faa beginning furloughs, forced days off for their employees, including 15,000 air traffic controllers. airports across the country are bracing for an hour-long debase in many cases. critics say this move they believe is political. let's find out what peter goelz thinks about, former director of the nts. about, the national transportation safety board. peter, thanks for being here. good to see you. >> good to see you. martha: we're told today could have some pretty big snarls at the nation's airport. what do you think? >> i think we'll see some slow-ups. the federal aviation administration is taking 60% of the cuts at dot. that is $647 million in cuts. people are going to be laid off and things are going to go slowly. martha: why do you think that is, that they're bearing such a brunt of these budget cuts? >> at d.o.t. they have five modes, pipelines, trails, trucks, aviation. aviation is where the big programs are, the big money are and where the most employees are. not only air traffic controllers but air inspectors and the whole certificatio
through september. there has been a lawsuit filed against the faa, but the case has not been taken up in court. the furloughs could result in delays or canceled flights for one out of three airline passengers. the busiest time of year for travel could be a little bumpier than usual. joining us from washington is former "new york times" correspondent elizabeth becker. elizabeth just penned a new book called "overbooked: the exploding business of travel and tourism." welcome inside "the war room." >> it's nice to be here thank you. >> michael: what impact will the sequesters have on travel to america? >> well, i'm not convinced that the furloughs will come about. i would say that president obama has shown a partiality to listening to the tourism industry. so i'm not sure it is really going to happen. i think there could be a change of mind. but overall america is just recovering from what the industry is calling a lost decade, where a series of idealogical arguments, and the 9/11 border changes really flattened out tourism for the united states when it was booming
have to prepare for long lines. government budget cuts that kicked in last month are forcing the faa and other agencies to cut some spending. f furloughs kicked in yesterday. the agency will furlough some 15,000 air traffic controllers. because of the cuts airports say passengers should expect increased delays. the length of the delays will vary depending on the schedule and situation at each specific airport. employees at the epa, office of management and budget, also face furloughs starting this week. >>> residents and investigators continue their search today through the destruction in west, texas, to try to figure out what caused the fertilizer plant there to explode. investigators say they found the origin of the explosion, but they still don't know what caused the initial fire that led to the blast last wednesday. fertilizer company is working closely with authorities to aid the investigation. the death toll from the blast remains at 14. a public memorial for first responders will take place in the town later this week. by the way, all the presidents, ex and otherwise will be i
air traffic controllers had delays up to three hours. the faa says with fewer eyeballs, there will be better managed traffic. that's coming up next. but i wondered what a customer thought? describe the first time you met. you brought the flex in... as soon as i met fiona and i was describing the problem we were having with our rear brakes, she immediately triaged the situation, knew exactly what was wrong with it, the car was diagnosed properly, it was fixed correctly i have confidence knowing that if i take to ford it's going to be done correctly with the right parts and the right people. get a free brake inspection and brake pads installed for just 49.95 after rebates when you use the ford service credit card. did you tell him to say all of that? no, he's right though... ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. oh, hi thehey!ill. are you in town for another meeting? yup, i brought my a-team. business trips add up to family time. this is my family. this is joe. hi joe! hi there! earn a t
them. also delayed travelers finding themselves waiting in airports as faa furloughs just kicked in. >>> and the investigation in boston, the wounded marathon bombing suspect, he's now responding to questions. it's monday, april 22nd, 2013 and "squawk box" -- it's early, it's monday morning, it begins right now.
, and what we think is the right solution is the faa, the government agency, they need to learn with those bodies. they need to learn to understand exactly what's being done in the different industries to deal with different threats. and that's how we're going to develop our own best practice. >> host: gautham nagesh. >> greg, you mentioned that thebacking industry is largely ahead of the curve when it comes to these sorts of things, likely due to the nature of the business itself, and like you said, the criminals are often looking for money. how would you say the broader employees of your industry, how successful would your education efforts be, would you say, and have there been any keys that could be applied to other critical infrastructure sectors? >> guest: i think the, you know, by and large, employees within the financial institutions, um, are fairly well aware of what's going on, and, you know, given over the last year increasing news about attacks on the financial system, the awareness has only grown. as part of every bank's standard procedures, employees are tested. they're train
Search Results 0 to 11 of about 12